Quote: (02-07-2017 09:46 PM)jj90 Wrote:
@christpuncher: You know I agree with the main premise of what you are saying but I completely disagree with the notion you put forth of putting your time in and climbing the corporate ladder and etc.
If a person values a bank account for nothing more than the sake of how many digits there are in it, and serious cash happens to be >1M, that person on the flip side of what you are saying will likely never get to eject from the grind. That same 50 yr old guy you talk about will have a mortgage, mother in laws, minivan, and soccer practice for the kids.
Make money, yes. Grind out 20 years in corporate land? No thank you.
Quote: (02-07-2017 10:39 PM)Off The Reservation Wrote:
Its that "no thank you" that drives innovation and will make jj90 worth 50 million while others slave away to create $4675.86 in monthly income and live in constant fear.
Quote: (02-07-2017 11:19 PM)Celestial Wrote:
I mean you can of course make serious cash in Silicon Valley, but I'm with @jj90 here in it's not worth it for everyone to grind away here into your 30's. There's a reason why this place is stacked with young people, it's because ageism is real, burnout and stress take hold after a few years and not everyone is capable of lasting long.
Also, @Off The Reservation, you drew a very strong dichotomy to make your point and made it seem as if passive income can only provide a little $$$ and likely result in fear. First, $4675 (I know you probably didn't intend this # to be used in this way) per month is VERY good money in most places in the world. And second, very few people get to 50M, there's a large # of single digit millionaires in the Bay Area, and even at 2-3% most of them could retire in their 30's pulling 60-70k + per year off investments.
I'm just trying to provide counter perspective to your guy's "grass is greener" mindset.
We're talking about making amazingly good money (200k+) and living in California. Of course life isn't perfect, there is stress, mild dissatisfaction, ect.
Worried about corporate ladders? Ending up stuck in the grind with a bitch wife and minivan? Getting old, burning out? Retiring at 50? Wake up and smell the coffee.
Try all those things except the difference between the bottom and top of the corporate ladder is 35k-70k over 30 years, actually being stuck with a bitch wife and a rusted minivan because you can't possibly afford to leave, not worrying about mental "burnout" but "will my body survive working into old age", and hopefully retiring with a paid off house and some simple comforts by 65... That is what awaits the vast majority of men outside of a few key hubs and sectors where the cash is flowing and opportunity abounds.
But you guys want to say "no thank you" to all that. Apparently that's the key step to making 50M...
It's great to be a dreamer and have lofty goals, but unless you are exceptional, and by definition most of us aren't, leaving your great job to pursue something else is going to end badly 19/20 times.
It take a lot more than fleeting motivation, supplied not even by yourself, but immersion in internet forums and entrepreneurship circles, to have a shot at making it work. Coming to the realization in your late 20s that you have moderate dissatisfaction with the corporate world does not an business-man make. You need to have that motivation deep in you, most likely expressing itself by age 16, to hope to succeed.
And I wouldn't even say don't do it, just don't do it yet. Peoples plan for early plug-pulling used to be: save responsibly, buy used, pay off the house and retire before 55. Then it was "quit at 40 and do part time consulting in my field of expertise", recently it's "quit at 30 and start my own company (maybe related to your expertise/maybe not), or retire with 500k and 20k/year" or now it's "quit after 1-3 years and move to Thailand and do something with the internet"
500k is not "Fuck You Money". These travel sites and minimalist blogs have convinced a whole bunch of low-cost 20s and early 30 somethings into thinking 500k and 20k/year is sufficient, that "a couple years" is both all that they need and all that they can endure in corporate America...
Have convinced themselves that living in California is torture, and going from 200k at age 30 to 400k at age 40 "isn't worth the stress".